Investors sold shares of Baidu Inc (NASDAQ:BIDU) on strength during trading hours on Wednesday. $164.54 million flowed into the stock on the tick-up and $234.60 million flowed out of the stock on the tick-down, for a money net flow of $70.06 million out of the stock. Of all equities tracked, Baidu had the 5th highest net out-flow for the day. Baidu traded up $1.88 for the day and closed at $252.34
A number of brokerages have recently commented on BIDU. Oppenheimer increased their price target on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Wells Fargo & Co reissued an “outperform” rating and issued a $300.00 price target (up previously from $290.00) on shares of Baidu in a report on Wednesday, February 14th. Bank of America reissued a “buy” rating and issued a $301.00 price target on shares of Baidu in a report on Sunday, November 19th. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, OTR Global lowered shares of Baidu to a “positive” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $250.01.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.71 and a current ratio of 1.84. The company has a market cap of $87,620.00, a price-to-earnings ratio of 30.48, a P/E/G ratio of 1.59 and a beta of 1.86.
Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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